Turkey's consumer inflation hits 20-year high on energy, food prices, weak lira

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• Turkey's inflation hit a new 20-year high in February, fueled by higher energy and food prices combined with a weak currency.
• Consumer prices rose at an annual 54.4% through February, up from 48.7% in January. That's higher than the 52.5% median estimate of 22 analysts surveyed by Bloomberg.
• Monthly inflation of 4.8% topped the median estimate of 3.75% in a separate survey.
• The Turkish lira falls 0.7% against the U.S. dollar, and has lost plunged 47% against the greenback in the past year.
• Meanwhile, iShares MSCI Turkey ETF (NASDAQ:TUR) is rising 2.1% in premarket trading.
• Earlier this year, Turkish inflation jumps to 19-year high in December amid lira swoon